Blackrock Enhanced Equity Dividend Trust Stock Forecast
Stronger technical forecast for Blackrock Enhanced Equity Dividend Trust stock price after Friday trading.
(Updated on Apr 26, 2024)
The Blackrock Enhanced Equity Dividend Trust stock price gained 0.501% on the last trading day (Friday, 26th Apr 2024), rising from $7.98 to $8.02. During the last trading day the stock fluctuated 0.562% from a day low at $8.01 to a day high of $8.06. The price has risen in 6 of the last 10 days and is up by 1.78% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 108 thousand more shares were traded than the day before. In total, 453 thousand shares were bought and sold for approximately $3.63 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Blackrock Enhanced Equity Dividend Trust stock with a 90% probability to be traded between $7.97 and $8.48 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
BDJ Signals & Forecast
There are mixed signals in the stock today. The Blackrock Enhanced Equity Dividend Trust stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $8.09. On a fall, the stock will find some support from the short-term average at $7.98. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -0.496%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Blackrock Enhanced Equity Dividend Trust stock
Blackrock Enhanced Equity Dividend Trust finds support from accumulated volume at $7.92 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0450 between high and low, or 0.562%. For the last week the stock has had daily average volatility of 0.87%.
Our recommended stop-loss: $7.67 (-4.37%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (BDJ) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Blackrock Enhanced Equity Dividend Trust to open at $8.03, and during the day (based on 14 day Average True Range), to move between $7.93 and $8.11, which gives a possible trading interval of +/-$0.0886 (+/-1.10%) up or down from last closing price. If Blackrock Enhanced Equity Dividend Trust takes out the full calculated possible swing range there will be an estimated 2.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $8.11 (1.12%) than the support at $7.92 (1.25%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Blackrock Enhanced Equity Dividend Trust stock A Buy?
Blackrock Enhanced Equity Dividend Trust holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.065 Hold/Accumulate Upgraded
Predicted Opening Price for Blackrock Enhanced Equity Dividend Trust of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$8.03 ( 0.104%) | $8.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BDJ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 8.07 | 0.665 % | |
R2 | 8.06 | 0.451 % | ||
R1 | 8.05 | 0.318 % | ||
Current price: | 8.02 | |||
Support | S1 | 8.01 | -0.110 % | |
S2 | 8.00 | -0.243 % | ||
S3 | 7.98 | -0.457 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 8.20 | 2.24 % | |
R2 | 8.18 | 2.00 % | ||
R1 | 8.11 | 1.12 % | ||
Current price | 8.02 | |||
Support | S1 | 7.92 | -1.25% | |
S2 | 7.89 | -1.62% | ||
S3 | 7.88 | -1.75% |
BDJ Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 01, 2024 | Apr 12, 2024 | Apr 30, 2024 | $0.0562 | 0.702% |
2 | Mar 01, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.0562 | 0.681% |
3 | Feb 01, 2024 | Feb 14, 2024 | Feb 29, 2024 | $0.0562 | 0.701% |
4 | Jan 02, 2024 | Jan 11, 2024 | Jan 31, 2024 | $0.0562 | 0.716% |
5 | Oct 05, 2023 | Dec 14, 2023 | Dec 20, 2023 | $0.0562 | 0.722% |
FAQ
Click here for our free guide on how to buy Blackrock Enhanced Equity Dividend Trust Stock.